Country A has a lower stock of capital than Country B, but the supply of labor in both the countries is equal.
A) An additional unit of capital will increase output in Country A only if there is an increase in the total efficiency units of labor.
B) The increase in output due an additional unit of capital will be larger in Country A than in Country B.
C) The increase in output due an additional unit of capital will be smaller in Country A than in Country B.
D) An additional unit of capital will increase output in Country B only if there is an increase in the total efficiency units of labor.
Question 2
Suppose a bank has 300,000 in deposits, a reserve ratio of 5 percent, and bank reserves of 45,000. This bank can make new loans in the amount of
A) 345,000. B) 45,000. C) 30,000. D) 15,000.
The original Magdeburg hemispheres (lower left) used to demonstrate Otto von Guericke's vacuum
Muscles of the posterior lower leg.
Natural Capital versus GDP per Capita
Life Expectancy in Developed Countries
Top Eleven Countries in Year 2009 According to Three Different Measures
Three queens, fertile females in species that have a reproductive division of labor.